Agricultural Biotechnology Market Expected to Achieve 10.1% CAGR by 2029: Growth Forecast Insights

"Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

How Large Will the Agricultural Biotechnology Market Size By 2025?
The market size of agricultural biotechnology has experienced significant growth in the past few years. The market is expected to expand from $44.82 billion in 2024 to $49.18 billion in 2025, following an annual compound growth rate (CAGR) of 9.7%. The observed growth in the historical period can be traced back to factors such as an increasing population and food requirements, heightened resistance of crops to pests and diseases, improved crop traits, advancements in genetic engineering methods, environmental worries, and sustainable agriculture.

How Big Is the Agricultural Biotechnology Market Size Expected to Grow by 2029?
The market size of agricultural biotechnology is predicted to experience swift expansion in the upcoming years, soaring to $72.27 billion in 2029 with a compound annual growth rate (CAGR) of 10.1%. The surge during the forecast duration can be credited to an increased attention to precision agriculture, climate change adaptation, the demand from consumers for more sustainable practices, shifts in global trade, emerging markets, and developing economies. Key trends within this forecast period are expected to be collaborations and partnerships, advances in technology, preparedness for biosecurity and pandemics, dominance of gene editing technologies, and the incorporation of digital agriculture.

View the full report here:
https://www.thebusinessresearchcompany.com/report/agricultural-biotechnology-global-market-report

Which Key Market Drivers Powering Agricultural Biotechnology Market Expansion and Growth?
The anticipated growth of the agricultural biotechnology market is fuelled by the rising food demand. This demand refers to the consumer's appetite and willingness to buy varied food products within a specific time frame. Factors such as population growth, urbanization, and changes in diet patterns contribute to the increase in food demand. Enhancements in crop productivity, crop quality, and resistance to environmental strains delivered by agricultural biotechnology are beneficial for this rising demand. For example, data from the U.S. Bureau of Labor Statistics, a U.S government body, suggests household expenditure on food has risen by 12.7% between 2021 and 2022, driven by a surge in spending on out-of-home meals by 20.1% and a rise in home food spending by 8.4%. Consequently, the escalating food demand is accelerating the expansion of the agricultural biotechnology market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14034&type=smp

Which Fast-Growing Trends Are Poised to Disrupt the Agricultural Biotechnology Market?
Leading corporations in the agricultural biotechnology sector are focusing on the development of innovative biotechnologies, such as integrated solution pipelines, to quicken the pace of agricultural transformation and tackle location-specific and crop system climate problems. This integrated solution merges crop defense, seeds and traits, technologies, tools, and methodologies to enhance farming methods, elevate productivity, and boost sustainability. For example, in March 2023, BASF SE, a chemical firm based in Germany, introduced an innovation pipeline with holistic solutions to expedite the transformation of agriculture. This framework offers farmers crucial solutions to handle local and crop-specific pest issues, climatic adversities, evolving regulatory expectations, and growing consumer demands. Moreover, this aids farmers in optimizing their resources, minimizing waste, and bettering yields, thereby resulting in reduced emissions. It also promotes climate resilience, the safeguarding of biodiversity, and precise applications.

What Are the Emerging Segments in the Agricultural Biotechnology Market?
The agricultural biotechnology market covered in this report is segmented -

1) By Organism Type: Plants, Animal, Microbes
2) By Technology: Genetic Engineering, Tissue Culture, Embryo Rescue, Somatic Hybridization, Molecular Diagnostics, Vaccine, Other Technologies
3) By Application: Vaccine Development, Transgenic Crop And Animals, Antibiotic Development, Nutritional Supplements, Flower Culturing, Biofuels

Subsegments:
1) By Plants: Genetically Modified Crops, Biofortified Crops, Crop Protection Products
2) By Animals: Genetically Modified Animals, Animal Vaccines, Animal Feed Additives
3) By Microbes: Microbial Biopesticides, Microbial Biofertilizers, Microbial Enzymes

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=14034&type=smp

Who Are the Global Leaders in the Agricultural Biotechnology Market?
Major companies operating in the agricultural biotechnology market are BASF SE, Dow AgroSciences Inc., Bayer AG, Syngenta AG, Monsanto Company, DuPont de Nemours Inc., Novozymes A/S, Certis USA, Vilmorin & Cie SA, KWS SAAT SE, Indigo Agriculture Inc., Bioceres Crop Solutions Corp., Ginkgo Bioworks Holdings Inc., AgBiome Inc., Pairwise Plants Services Inc., Marrone Bio Innovations Inc., Agrivida Inc., Intrexon Corporation, Phytelligence Inc., Cibus Global Ltd., Arcadia Biosciences Inc., ZeaKal Inc., NewLeaf Symbiotics Inc., Evogene Ltd., GreenLight Biosciences Inc.

Which are the Top Profitable Regional Markets for the Agricultural Biotechnology Industry?
North America was the largest region in the agricultural biotechnology market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the agricultural biotechnology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14034

This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Contact Us:
The Business Research Company
Europe - +44 7882 955267
Asia: +91 88972 63534
Americas - +1 310-496-7795
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
The Business Research Company provides in-depth research and insights through a vast collection of 15,000+ reports spanning 27 industries and over 60 geographies. Backed by 1,500,000 datasets, extensive secondary research, and expert insights from industry leaders, we equip you with the knowledge needed to stay ahead in the market.

Our flagship offering, the Global Market Model, is a leading market intelligence platform that delivers comprehensive and up-to-date forecasts to support strategic decision-making.

This release was published on openPR.